Cairo - Mubasher: Egypt announced Sunday that it signed $150 million loan agreement with the Arab Fund For Economic and Social Development (AFESD).
The loan will be directed towards financing the construction of sewage project.
Egypt will get the loan at annual interest rate of 3%, with grace period of five years.
Fellowing this agreement,AFESD contributions in financaing Egypt's projects have reached $4.3 billion(KWD 1.3 billion).
